Non-Executive Chairman of the Board of Wickes Group Picks Up 26% More Stock

Even if it's not a huge purchase, we think it was good to see that Christopher Rogers, the Non-Executive Chairman of the Board of Wickes Group plc (LON:WIX) recently shelled out UK£63k to buy stock, at UK£1.75 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 26%.

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Wickes Group Insider Transactions Over The Last Year

Notably, that recent purchase by Christopher Rogers is the biggest insider purchase of Wickes Group shares that we've seen in the last year. That implies that an insider found the current price of UK£1.79 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Wickes Group insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Christopher Rogers.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Wickes Group

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Does Wickes Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own UK£1.3m worth of Wickes Group stock, about 0.3% of the company. But they may have an indirect interest through a corporate structure that we haven't picked up on. We consider this fairly low insider ownership.

So What Do The Wickes Group Insider Transactions Indicate?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Wickes Group insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 3 warning signs for Wickes Group and we suggest you have a look.

But note: Wickes Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.